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what is gross pay? ○ the money that ends up in your bank account.○ the total amount of money earned before deductions.○ the amount of money after taxes are taken out.○ the amount used for daily spending.what is net pay? ○ the amount you agree to when you start a job○ the total amount of money earned before anything is taken out○ the starting point for figuring out how much to pay workers○ the money you actually get to take home after deductions
For gross pay, it is defined as the total earnings before any deductions like taxes or benefits are subtracted. For net pay, it is the amount an employee receives after all required deductions are taken from the gross pay, which is the actual money available for the employee to use or deposit.
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- What is gross pay?
The total amount of money earned before deductions.
- What is net pay?
The money you actually get to take home after deductions